2019, Global and Oil Prices

EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

Green Car Congress

JULY 8, 2021

As outlined in its current Short-Term Energy Outlook , the US Energy Information Administration (EIA) estimates that global consumption of petroleum and liquid fuels averaged 92.3 million b/d from 2019. EIA expects that global liquid fuels consumption will grow by 5.3 million b/d—surpassing 2019 levels. in 2020.

2019

2019 Global Fuel Gasoline-Electric

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

MAY 22, 2019

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

Oil Prices

Oil Prices Gasoline-Electric Gasoline Oil

IHS Markit: oil price collapse will change trajectory of North American gas supply

Green Car Congress

APRIL 8, 2020

The trajectory of North American gas supply is set to change radically as a result of the fall in oil prices that has occurred due to COVID-19 and the breakdown in production cooperation between OPEC and Russia, according to IHS Markit. The Permian Basin, long viewed as the gem of US unconventional oil production, currently produces 4.6

Oil Prices

Oil Prices Oil Gas Supplies

EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

Green Car Congress

JULY 21, 2021

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51

Oil

Oil 2020 Oil Prices 2015

US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

Green Car Congress

MARCH 10, 2021

US crude oil production averaged 11.3 million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. In January 2020, US crude oil production reached a peak of 12.8 million b/d set in 2019.

Oil

Oil 2020 North Dakota New Mexico

Will oil prices and post-pandemic hesitation hit EV sales harder than general market?

Green Car Reports

APRIL 13, 2020

The research firm Wood Mackenzie last Wednesday already suggested that it will—and that global sales of electric vehicles could drop 43 percent in 2020. million in 2019 to. Could the economic downturn triggered by the COVID-19 pandemic affect electric vehicle sales?

Oil Prices

Oil Prices Sale Oil Market

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day set in 2019. Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO).

Oil

Oil Price Production Oil Prices

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

Green Car Congress

APRIL 23, 2018

Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

Oil

Oil Global 2003 2007

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Green Car Congress

APRIL 7, 2021

EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in US highway travel this summer but still less highway travel than in the summer of 2019. EIA forecasts that global consumption of petroleum and liquid fuels will average 97.7 million b/d from March 2020. million b/d.

2019

2019 Fuel Coal 2020

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

JULY 30, 2019

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. Source: Eni World Oil Review 2019. 2018 recorded an overall growth in oil production of 2.5 The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide.

Saudi Arabia

Saudi Arabia Oil 2018 Global

IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

NOVEMBER 4, 2019

Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% In 2018, higher oil prices helped dampen demand for road transport fuels.

Global

Global Energy 2018 Coal

EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

Green Car Congress

MAY 24, 2022

Prices of distillate fuels change with the price of crude oil and with developments specific to distillate product markets. In 2022, both low global distillate fuel inventories and high crude oil prices have been contributing to higher global distillate prices.

Diesel

Diesel Price California Philadelphia

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

MARCH 27, 2020

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 during the global recession in 2008/2009. million units. million units, down by 13.6%

Gasoline

Gasoline 2020 Gasoline-Electric 2008

2020 Thanksgiving week gasoline consumption in US lowest since 1997

Green Car Congress

DECEMBER 8, 2020

Year-on-year comparisons are even more significant at the regional level, with some regions seeing declines of 20% or more from Thanksgiving Week 2019. New Jersey is the hardest hit state, with gasoline volumes plunging by nearly 30% from 2019. Data within the OPIS report shows considerable variation across the country.

Gasoline

Gasoline 2020 Wyoming New Jersey

Huge Backlog Could Trigger New Wave Of Shale Oil

Green Car Congress

JANUARY 23, 2019

The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. And so I would say the bigger risk inflation-wise is really past 2019.

Oil

Oil Oil Prices 2019 Price

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

Green Car Congress

MARCH 14, 2019

In 2019, multiple deployments of long-range battery EVs (BEVs) in crossover classes, as well as Tesla reaching full-scale production on the Model 3 and expanding its vehicle shipments to markets abroad, are setting the stage for continued market growth, Navigant says.

Alternative Fuels

Alternative Fuels Future Plug-in Fuel

Roskill: Molybdenum demand to drop by more than 8% in 2020

Green Car Congress

SEPTEMBER 13, 2020

decline in 2019. Mine supply continued to edge higher in 2019, albeit by a relatively slow 0.7%—an This slow growth in mine supply, combined with the drop in demand, was sufficient to flip the molybdenum market from a deficit in 2018 into a surplus in 2019. Consequently, molybdenum prices came under downward pressure.

2020

2020 2019 2018 Oil

IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

Green Car Congress

NOVEMBER 7, 2019

US shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit. It all represents the strongest headwinds for shale producers since the oil price collapse in 2015. Modest growth is expected to resume in 2022.

Oil

Oil Price Oil Prices Production

IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

Green Car Congress

OCTOBER 2, 2019

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil

Oil Gas Oil Prices Water

API: total US petroleum demand topped 20.8 mb/d in July, highest since 2005; on-road fuel demand down

Green Car Congress

AUGUST 20, 2019

million barrels per day (mb/d) in July 2019, which represented a 0.9% The increase in demand came as the US continued to sustain world-leading production, which continues to meet virtually all global oil demand growth. compared with July 2018, even as gasoline prices were 3.6% Total US petroleum demand averaged 20.8

2005

2005 Fuel 2018 Oil

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

JANUARY 11, 2023

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA forecasts that the European benchmark Brent crude oil price will average less than $80 per barrel in 2024, more than 20% lower than in 2022. per gallon in 2024.

Oil Prices

Oil Prices Oil Global Price

The Next Big Offshore Boom Is About To Happen in Brazil

Green Car Congress

OCTOBER 5, 2017

No wonder, then, that as many as 30 companies took part in the bidding round—the first of a total nine rounds, to take place between now and 2019. The auction was closely watched as a gauge of sentiment towards Brazilian oil exploration projects after a decade of Petrobras’ reign in the country’s continental shelf.

Brazil

Brazil Oil Argentina Oil Prices

IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

APRIL 18, 2020

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

2020

2020 Commercial Global Production

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

Green Car Congress

DECEMBER 5, 2012

AEO2013 offers a number of other key findings, including: Crude oil production , especially from tight oil plays, rises sharply over the next decade. Domestic oil production will rise to 7.5 million barrels per day (bpd) in 2019, up from less than 6 million bpd in 2011. Biomass and biofuels growth is slower.

Fuel

Fuel Energy Sale 2013

CAR: US light-duty vehicle sales to dip in 2019

Green Car Congress

FEBRUARY 12, 2019

million units for 2019. US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. Solid new housing starts and home prices rebounding to pre-recession levels. The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 million units in 2021.

2019

2019 Light Sale Vehicles

IHS: US gasoline demand exceeds 2020 levels for first time; still trails pre-pandemic demand significantly

Green Car Congress

APRIL 1, 2021

However, demand still trails pre-pandemic levels by a considerable margin, according to the latest data from Oil Price Information Service (OPIS) by IHS Markit. Week Ending March 20, 2021 compared to 2019 and 2020. in California, however volumes still trail same-week 2019 by 22.7% Source: OPIS by IHS Markit.

Gasoline

Gasoline 2020 United States Florida

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

APRIL 15, 2017

This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. shale production, new oil discoveries, and new project start-ups also differ a lot. shale output. million bpd.

Oil

Oil Supplies Oil Prices 2017

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

DECEMBER 17, 2010

This growth reverses the recent downward trend, as a result of a strong recovery in near-term industrial production, growth in combined heat and power, and relatively low natural gas prices. World oil prices rise in the Reference case, as the world economy recovers and pressure from growth in global demand continues.

Gas

Gas 2011 Price Energy

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

AUGUST 31, 2011

Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. of all global fuel for road transportation—an increase from 2% in 2009, according to the report. World ethanol and biodiesel production, 1975-2010.

2010

2010 Brazil Global Argentina

IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

Green Car Congress

JANUARY 31, 2018

These five case studies represent just a fraction of the opportunity that we identified globally. Stagnant oil prices continue to limit large-scale investments in global exploration worldwide, including deepwater plays, and many onshore US projects are not yet cash-flow positive, so energy investors are demanding financial returns.

North America

North America Oil America Oman

American Fuel Consumption Goes Down, Prices Do Not

The Truth About Cars

SEPTEMBER 19, 2023

The Energy Information Administration (EIA) estimates that Americans were burning through a million fewer barrels of oil last week than they were the week before. What isn’t dropping is oil prices and that seems to be making all the difference. in 2019 and averaging well below $2.00 per gallon. But it’s now at $3.85

Price

Price Saudi Arabia Fuel Oil

Oil Is At The Mercy Of Financial Markets

Green Car Congress

JANUARY 5, 2019

Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. On any given day, stock prices offer a clue into investor sentiment in this regard. by Nick Cunningham of Oilprice.com.

Oil

Oil Saudi Arabia Market Oil Prices

EV Driven

EIA expects global consumption of liquid fuels to surpass 2019 levels in 2022

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

IHS Markit: oil price collapse will change trajectory of North American gas supply

EIA: US crude oil exports reached record levels in 2020 and remain high in 2021

US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

Will oil prices and post-pandemic hesitation hit EV sales harder than general market?

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

Eni report: global oil reserves and oil production up in 2018 due to US

IEA: global energy efficiency progress drops to slowest rate since start of decade

EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

2020 Thanksgiving week gasoline consumption in US lowest since 1997

Huge Backlog Could Trigger New Wave Of Shale Oil

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

Roskill: Molybdenum demand to drop by more than 8% in 2020

IHS Markit: US oil production growth heading for a major slowdown, as capital discipline and weak prices play out

IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

API: total US petroleum demand topped 20.8 mb/d in July, highest since 2005; on-road fuel demand down

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

The Next Big Offshore Boom Is About To Happen in Brazil

IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

CAR: US light-duty vehicle sales to dip in 2019

IHS: US gasoline demand exceeds 2020 levels for first time; still trails pre-pandemic demand significantly

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

American Fuel Consumption Goes Down, Prices Do Not

Oil Is At The Mercy Of Financial Markets

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